Pakistan ends ban on cotton, sugar imports from India after two years

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Pakistan to allow limited imports of sugar, cotton and wheat from India to counter rising prices, signalling a further thaw in relations between the two countries

FILE PHOTO: An employee works at a cotton processing unit in Kadi town, in the western Indian state of Gujarat, India, April 5, 2018.

Three million tons of wheat would also be allowed to be brought in, as well as unspecified quantities of cotton and yarn. Asked at a press conference Wednesday why the trade was resuming despite there being no change in New Delhi's position on Kashmir, Pakistan Finance Minister Hammad Azhar said the government had to make decisions "in the interest of the people".

Pakistan went on to make its first foray in nearly five years into the global treasury market, with an oversubscribed issue of $2.5 billion in Eurobonds.

 

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